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Elgi Equipments completed the full acquisition of Australian compressor distributor FR Pulford & Son and its subsidiary Advanced Air Compressors, trading as Pulford Air and Gas, for an upfront cash cost of about A$11.04 million. The deal was announced on 2018-08-01.
Indian air-compressor maker ELGi Equipments completed the 100% acquisition of Sydney-based distributor F.R. Pulford & Son (Pulford Air and Gas) for approximately A$15.05 million, entering the Australian market.